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Sunday, March 9, 2014

What will the US collapse look like? Will You Survive?

It
was in 1999 the Poor Man started writing about the collapse of the US…

What
will it look like?

I interviewed survivors of Nazi Germany who
see the same things happening today in America.It started with travel restrictions and gun control. The amount of money
they could take out of the country was limited, new passport restrictions were
put in place.Hundreds of new restrictive
laws were put in place.Few people were
able to keep up and ‘trumped up’ as arrests increased.

Postwar Germany was even
tougher.Black market and bartering
increased, prostitution increased, the STASI or secret police were
everywhere.People were afraid to speak
openly about much of anything.

Back in 1999, of course, the very idea that the world
was headed for serious economic calamity was considered ridiculous by most. The
unfortunate fact is, most people do truly deal in the present, rarely
questioning the future beyond what they consider to be the very next event. The
truth of this statement is borne out by the fact that the great majority of
people, who have already seen the first half of the Great Unravelling come to
pass, still somehow cannot imagine the second half—the more disastrous half—as
being in any way possible. Surely, somehow, the governments of the world will
fix things.

However, the number of people whose eyes have been
opened seems to be growing, and many of them are asking what the collapse will
look like as it unfolds. What will the symptoms be?

Well, the primary events are fairly
predictable: they would include major collapses in the bond and stock markets
and possible sudden deflation (primarily of assets), followed by dramatic
inflation, if not hyperinflation (primarily of commodities), followed by a
crash of several major currencies, particularly the euro and the US dollar.

·Travel
Restrictions. This will
begin with restrictions on foreign travel, including suspension/removal of
passports. (This has begun in a small way in both the EU and US.) Later, travel
restrictions will be extended within the boundaries of countries (highway
checkpoints, etc.)

·Confiscation of
wealth. The EU has instituted the
confiscation of bank accounts, which can be expected to become an international
form of governmental theft. This does not automatically mean that other assets,
such as precious metals and real estate will also be confiscated, but it does
mean that the barrier for confiscation has been eliminated. There is
therefore no reason to assume that any asset is safe from any government
that approves theft through bail-ins.